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Parota, popcorn, oil - here's what you must know about contradictory AAR rulings

Parota, popcorn, oil - here's what you must know about contradictory AAR rulings

GST BFSI
August 21, 2020 253 0

In the last few weeks, India has witnessed various scenarios where different commodities have attracted tax disputes owing to contradictory decisions taken by the Authority for advance ruling under the GST regime. One of the m...


Gujarat AAR rejects concessional GST rate for an affordable housing project in a township

Gujarat AAR rejects concessional GST rate for an affordable housing project in a township

GST BFSI
July 17, 2020 152 0

The Gujarat bench of the Authority for Advance Rulings (AAR) has denied the benefit of concessional GST rate for an affordable housing project in a township with a mix of other projects. A private developer had approached the ...


3 Years of GST: How GST transformed compliance in India?

3 Years of GST: How GST transformed compliance in India?

GST BFSI
July 3, 2020 1061 0

The Goods and Services Tax (GST), implemented on July 1st, 2017, completed its three years of operation. Considered to be the biggest reform in indirect taxes, GST combined (subsumed) almost 17 prevalent taxes into a single um...


3 Years of GST in India: The Journey So Far

3 Years of GST in India: The Journey So Far

GST BFSI
July 2, 2020 444 0

On July 1, 2020, India completed 3 years since the launch of GST. We’ve created an infographic to show you the major events in the journey of GST over the last 3 years.


Paratha is not roti - AAR ruling sparks debates across the country

Paratha is not roti - AAR ruling sparks debates across the country

GST BFSI
June 23, 2020 497 0

The Authority of Advance Ruling in Karnataka has ruled that ready-to-eat paratha needs to be heated or further processed for human consumption and hence is liable for 18% GST sparking quite the debate on social media last week. Be...


Changes under the new GST returns system

Changes under the new GST returns system

GST BFSI
June 19, 2020 302 0

The New Return System under the Goods and Services Tax is due to be rolled out in October 2020, and it promises to make the filing of GST returns (that have been extremely cumbersome so far) a breeze. What are the changes that mak...


Features of the new GST returns system

Features of the new GST returns system

GST BFSI
June 18, 2020 265 0

Unlike the Government’s previous attempt, where the Goods and Services Tax was introduced in 2017 and didn’t allow taxpayers any time for transition or understanding the filing of returns, the New Return System under GST has been ...


What to file under new GST returns system?

What to file under new GST returns system?

GST BFSI
June 17, 2020 246 0

The introduction of the New Returns System under the Goods and Services Tax is less than a month away and taxpayers will be happy to know that the new returns system does away with a majority of the N number of forms that taxpayer...


GST 2.0 - Introduction to New GST Returns

GST 2.0 - Introduction to New GST Returns

GST BFSI
June 17, 2020 310 0

India’s most significant indirect tax reform, the Goods and Services Tax is on the path to a total revamp with the New GST Returns System. For those who aren’t familiar with the New Returns, these 101 series will help you understa...


Taxpayers denied pre-GST tax credits

Taxpayers denied pre-GST tax credits

GST BFSI
June 16, 2020 206 0

The Centre has imposed a restriction on the time limit to claim transitional credit. On May 5, in a landmark judgement that brought much relief to taxpayers, the Delhi High Court allowed all taxpayers to claim transitional credit ...


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